Latin bank weighs rehab funding for three Brazil projects

The Inter-American Development Bank (IADB) is considering a proposal to lend US$273 million for rehabilitation of three Brazil hydroelectric projects totaling 2,742 MW.

IADB is in preparatory stages of the proposed loan to Brazil federal utility Furnas Centrais Eletricas S.A. The refurbishment program, which would total an estimated US$415 million, is aimed at rehabilitation and modernization of the Furnas hydro plants.

Plants listed are 1,216-MW Furnas, 476-MW Mascarenhas de Moraes, and 1,050-MW Luiz Carlos Barreto de Carvalho, all on the Grande River in Minas Gerais State.

If approved, work would include renewing obsolete equipment and switchyards with the goal of recovering their generating capacity and increasing their reliability and operational flexibility.

In 2005, Furnas named a consortium of Alstom, Camargo Correa, Engevix Engenharia, Construtora Norberto Odebrecht, CNEC Engenharia, and GE Hydro-Inepar to modernize turbines and implement remote operation of Barreto de Carvalho, working through 2010. (HNN 7/27/06) Voith Siemens Hydro Power Generation previously was commissioned to modernize generating units of the Furnas hydro project.

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